Core Insights - Builders FirstSource, Inc. (BLDR) reported mixed results for Q4 2024, with earnings exceeding estimates but net sales falling short [1][4] - The company faced year-over-year declines in both earnings and net sales due to lower core organic sales and commodity deflation, although acquisitions and an additional selling day provided some offset [2][5] Earnings & Revenue Discussion - Adjusted EPS was $2.31, surpassing the consensus estimate of $2.24 by 3.1%, but down 34.9% from the previous year [4] - Net sales totaled $3.82 billion, missing the consensus of $3.91 billion by 2.4% and declining 8% year-over-year [5] - Core organic sales decreased by 8.8%, with commodity price deflation accounting for 3.1% of net sales [5] Product Category Sales - Value-added product sales, which made up 49.7% of quarterly net sales, were $1.9 billion, down 12% year-over-year [7] - Specialized product sales increased by 1.3% to $966.2 million, while lumber and lumber sheet goods sales decreased by 8.1% to $956.7 million [8] Operating Highlights - Gross margin contracted by 300 basis points to 32.3%, influenced by margin normalization in Single-Family and Multi-Family segments [9] - Adjusted EBITDA fell 28% year-over-year to $493.6 million, with the adjusted EBITDA margin contracting to 12.9% [9] 2024 Financial Overview - For 2024, net sales were $16.4 billion, down 4.1% from 2023, with adjusted EPS decreasing by 20.8% to $11.56 [11][12] - The company achieved approximately $117 million in productivity savings related to operational excellence and supply-chain initiatives [12] Financial Position - As of December 31, 2024, cash and cash equivalents were $153.6 million, with total liquidity of $1.8 billion [13] - Long-term debt increased to $3.7 billion, and the net debt to adjusted EBITDA ratio rose to 1.5x [14] 2025 Guidance - For 2025, BLDR expects net sales between $16.5 billion and $17.5 billion, with acquisitions contributing 4-4.5% to net sales growth [16] - Gross margin is projected to be in the range of 30-32%, with adjusted EBITDA expected between $1.9 billion and $2.3 billion [18]

Q4 & FY 2024 Earnings Presentation Use of Non-GAAP Financial Measures This presentation includes financial measures and terms not calculated in accordance with accounting principles generally accepted in the United States ("GAAP") in order to provide investors with an alternative method for assessing our operating results in a manner that enables investors to more thoroughly evaluate our current performance as compared to past performance. We believe these non-GAAP measures provide investors with a better b ...

分组1 - Builders FirstSource reported quarterly earnings of $2.31 per share, exceeding the Zacks Consensus Estimate of $2.24 per share, but down from $3.55 per share a year ago, indicating an earnings surprise of 3.12% [1] - The company posted revenues of $3.82 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 2.36% and down from $4.15 billion year-over-year [2] - Over the last four quarters, Builders FirstSource has surpassed consensus EPS estimates three times, but has topped consensus revenue estimates only once [2] 分组2 - The stock has gained approximately 1.3% since the beginning of the year, underperforming the S&P 500's gain of 4.5% [3] - The current consensus EPS estimate for the upcoming quarter is $1.91 on revenues of $3.9 billion, and for the current fiscal year, it is $11.59 on revenues of $17.37 billion [7] - The Zacks Industry Rank for Building Products - Retail is in the bottom 28% of over 250 Zacks industries, indicating potential challenges for the sector [8]

Financial Performance - For Q4 2024, net sales were $3.8 billion, an 8.0% decrease driven by lower core organic sales of 8.8% and commodity deflation of 3.1%[3] - Gross profit for Q4 2024 was $1.2 billion, a decrease of 15.7%, with a gross margin of 32.3%, down 300 basis points[4] - Net income for Q4 2024 was $190.2 million, or diluted EPS of $1.65, a 45.8% decrease compared to the prior year[9] - Adjusted EBITDA for Q4 2024 decreased 28.0% to $493.6 million, with an adjusted EBITDA margin of 12.9%, down 360 basis points[10] - Net sales for Q4 2024 were $3,820.3 million, a decrease of 7.9% from $4,150.9 million in Q4 2023[31] - Gross margin for Q4 2024 was $1,234.1 million, down 15.7% from $1,464.9 million in Q4 2023[31] - Net income for Q4 2024 was $190.2 million, a decline of 45.9% compared to $350.8 million in Q4 2023[31] - Adjusted EBITDA for Q4 2024 was $493.6 million, down 28.0% from $685.5 million in Q4 2023, with an adjusted EBITDA margin of 12.9%[39] - Free cash flow for the twelve months ended December 31, 2024, was $1,506.1 million, reflecting strong operating activities of $1,872.7 million[45] Cash Flow and Capital Management - For full-year 2024, cash provided by operating activities was $1.9 billion, down from $2.3 billion in the prior year, with free cash flow of $1.5 billion, a decrease of $0.4 billion[10] - The company repurchased 8.9 million shares in 2024 at an average price of $170.74, reducing total shares outstanding by 6.8%[10] - Interest expense increased to $53.1 million in Q4 2024 from $46.8 million in Q4 2023[31] - The company experienced a net cash provided by operating activities of $373.5 million in Q4 2024, down from $611.7 million in Q4 2023[33] - Cash and cash equivalents at the end of Q4 2024 were $153.6 million, compared to $66.2 million at the end of Q4 2023[33] Future Projections - For 2025, the company expects net sales in the range of $16.5 billion to $17.5 billion and adjusted EBITDA between $1.9 billion and $2.3 billion[20] - The company anticipates a gross profit margin in the range of 30% to 32% for 2025[20] - Projected capital expenditures for 2025 are between $350 million and $450 million[20] - The effective tax rate for 2025 is expected to be between 23.0% and 25.0%[20] Asset and Liability Management - Total assets increased to $10,583.1 million in 2024 from $10,499.5 million in 2023, representing a growth of 0.8%[35] - Total liabilities increased to $6,286.6 million in 2024 from $5,767.1 million in 2023, marking a rise of 9.0%[35] - Total stockholders' equity decreased to $4,296.5 million in 2024 from $4,732.4 million in 2023, a decline of 9.2%[35] Sales Performance by Segment - For the twelve months ended December 31, 2024, total net sales decreased by 4.1% to $16,400.5 million from $17,097.3 million in 2023[47] - Windows, doors & millwork sales for the full year 2024 were $4,226.9 million, a slight decrease of 1.9% from $4,310.1 million in 2023[47] - Specialty building products & services saw a 1.5% increase in sales for the full year 2024, reaching $4,050.1 million compared to $3,992.1 million in 2023[47] - Lumber & lumber sheet goods sales for the full year 2024 were $4,191.9 million, up 1.6% from $4,126.0 million in 2023[47] - The company reported a 15.8% decline in manufactured products sales for the full year 2024, totaling $3,931.6 million compared to $4,669.1 million in 2023[47] - The percentage of value-added products in total net sales remained stable at 49.7% for the full year 2024[47] - Value-added products accounted for 49.7% of total net sales in Q4 2024, down from 51.9% in Q4 2023[47] - Manufactured products sales in Q4 2024 were $899.6 million, down 18.9% from $1,108.6 million in Q4 2023[47] Management Insights - Builders FirstSource's management emphasizes the importance of non-GAAP financial measures for evaluating business performance and trends[27] - The company is focusing on market expansion and new product development to counteract declining sales in certain segments[47] - GAAP SG&A expense for Q4 2024 was $930.0 million, down from $974.4 million in Q4 2023, with an adjusted SG&A expense of $764.2 million[42] - The company reported a basic adjusted net income per share of $2.33 for Q4 2024, compared to $3.58 in Q4 2023[37] - The company incurred $20.3 million in technology implementation expenses during Q4 2024, compared to $29.8 million in Q4 2023[39]

Builders FirstSource, Inc. (BLDR) is slated to report fourth-quarter 2024 results on Feb. 20, before market open.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.In the last reported quarter, the company’s adjusted earnings per share (EPS) and net sales missed the Zacks Consensus Estimate by 0.7% and 5.2%, respectively. On a year-over-year basis, the top and the bottom lines tumbled 6.7% and 27.6%, respectively.BLDR’s earnings topped the consensus mark in three of the trailing four qua ...

In the latest trading session, Builders FirstSource (BLDR) closed at $163.43, marking a +0.32% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.72%. Meanwhile, the Dow experienced a rise of 0.3%, and the technology-dominated Nasdaq saw an increase of 1.35%.Heading into today, shares of the construction supply company had gained 11.85% over the past month, outpacing the Retail-Wholesale sector's gain of 6.17% and the S&P 500's gain of 1.02% in that time.Market partic ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Builders FirstSource (BLDR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Builders FirstSource currently ...

Stock Performance - Builders FirstSource (BLDR) closed at $166 76, marking a -0 81% move from the previous day, underperforming the S&P 500's daily loss of 0 29% [1] - Over the last month, BLDR shares increased by 13 46%, outperforming the Retail-Wholesale sector's gain of 3 53% and the S&P 500's gain of 2 52% [1] Earnings and Revenue Projections - The company's upcoming earnings report is set for February 20, 2025, with an EPS projection of $2 19, reflecting a 38 31% drop compared to the same quarter last year [2] - Revenue is projected at $3 92 billion, a 5 54% decline from the equivalent quarter last year [2] Analyst Estimates and Revisions - Recent changes to analyst estimates for BLDR are closely tied to short-term business dynamics, with positive revisions indicating a favorable business outlook [3] - The Zacks Consensus EPS estimate has moved 3 18% lower over the last 30 days [5] Valuation Metrics - BLDR is trading at a Forward P/E ratio of 14 15, slightly below the industry average of 14 42 [6] - The PEG ratio for BLDR is 0 91, significantly lower than the industry average of 2 25, indicating a discount relative to expected earnings growth [6] Industry Ranking - The Building Products - Retail industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 196, placing it in the bottom 22% of over 250 industries [7] - Industries in the top 50% of the Zacks Industry Rank outperform the bottom half by a factor of 2 to 1 [7]

Builders FirstSource, Inc. (BLDR) is set to expand its footprint in its West Division by acquiring Alpine Lumber Company.BLDR stock inched up 0.4% in the after-hours trading session on Monday, post the acquisition announcement.More on BLDR’s New AcquisitionThe Colorado-based company will bring in 21 locations, serving homebuilders and contractors across the Front Range of Colorado, western Colorado and northern New Mexico, to BLDR’s portfolio. Additionally, the acquisition will also enhance the company’s pr ...

Shares of Builders FirstSource (NYSE: BLDR ) have been a strong performer over the past year, gaining 45%. However, shares are down over 10% from their highs as mortgage rates have stayed higher. Given these challenges, Builders reported mixed Q3 results, but optimisticOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question ...